Gallery: Local and State Governments Sue BP for $34 Billion for Deepwat...


Last we heard from BP, the oil giant had agreed to pay $4.5 billion in penalties for its role in the Deepwater Horizon blowout that spewed oil into the Gulf of Mexico for several months in 2010. But that could be just the beginning for BP, as the company has just been hit with a new $34 billion claim from local and state governments to account for economic losses related to the gusher. BP has already paid out about $58 billion for the environmental disaster, and the latest blow could bring that total above $90 billion.

Read the rest of this entry »


or your inhabitat account below

get the free Inhabitat newsletter

Submit this form
popular today
all time
most commented
more popular stories >
more popular stories >
more popular stories >
Federated Media Publishing - Home